We wanted to know whether this would be reflected in the local recruitment industry, so analysed the location data of more than 8,318 agency branches across the UK.
Read on to find out how the recruitment market compares with other cities and whether there could be a demand for more agencies in Manchester.
According to our data, the City of Manchester accounts for around 2.5% of the UK’s recruitment agencies.
Statistically, this makes it the fourth largest agency market in the UK, behind only London, Leeds and Bristol – with the latter perhaps being surprising to some.
While Leeds may have won the battle of the Northern Powerhouse, our stats show that Manchester has nearly twice as many agencies as Liverpool and three times more than Newcastle. In fact, Manchester has more agencies than these two cities COMBINED.
This doesn’t take into account the wider Greater Manchester region, which is actually home to 6.8% of agencies.
It also has more than the entire county of Cumbria.
To find out the potential demand for Manchester recruiters, we took a proportionally representative sample of jobs advertised in 2018.
In our sample, the average number of jobs advertised each month in Manchester was 31,073.
This was 10,000 more than both Birmingham and Bristol – and nearly double that of Leeds.
So, collectively, Manchester recruitment agencies potentially have more job vacancies to fill than agencies in any other town or city in the UK – with the exception of London.
But are there enough agencies to cope with the demand?
To find out, we calculated the average number of job vacancies each Manchester agency would handle per month – which we’ve called ‘jobs per agency’.
By doing this, we found that the number of jobs per agency in Manchester is 38% greater than the national average.
It also has the highest number of jobs per agency in the North West and substantially more than almost every other major city in the UK – with only Cambridge having a higher figure.
Manchester might have one of the largest recruitment markets in the UK, but the number of local vacancies means that there could be a demand for more agencies in the city.
This argument is only further strengthened by the fact that Manchester is one of the fastest growing cities in Europe – meaning more people, more job seekers and more businesses.
So, while the market might just be keeping up for now, it’s yet to be seen whether a rapid rise in candidates and employers will require an equally rapid rise in recruitment agencies.